Presidio is a cloud services firm acquired by Apollo (APO+0.1%) in 2014 for $652M (Apollo owns 93.1% of the outstanding stock). Revenues for the fiscal year ended in June were $2.7B, with a 7.9% EBITDA margin.

For now the filing includes just a placeholder amount to be raised of $100M.

Apollo Global (NYSE:APO) on Friday reported a far stronger than expected Q3, but was unable to hold gains amid a jittery market that afternoon, and as investors maybe booked some profits after more than a 50% run higher for the stock since February.

Reiterating a Buy rating and boosting the price target to $24 from $20 (30%+ upside), UBS's Brennan Hawken is impressed with how much money Apollo put to work in Fund VIII Q3, thus allowing fundraising to get going for Fund IX.

Importantly, Apollo isn't just throwing money at deals - the average deal in Fund VIII was done at about 6x EBITDA (vs. industry average of 11x), and the fund was in carry for a 2nd straight quarter despite still being in investment phase.

"We believe the firm's willingness to do more complex deals has aided in finding attractive areas to put capital to work and should bode well for returns and realizations as these funds season."

Caelus says it expects to be able to extract 1.8B-2.4B barrels from the discovery made in the shallow waters of Smith Bay, ~300 miles north of the Arctic Circle.

The company hopes to build an $800M, 125-mile pipeline to carry the oil underneath Alaska-owned waters to connect with existing pipelines, which likely will generate strong support from a state hurting from plummeting oil revenue.

Outerwall (NASDAQ:OUTR) announces the deal to be acquired by affiliates of Apollo Global Management (APO+0.2%) for $52.00 per share has been completed.

The company's segments will be managed and operated as three distinct businesses. Galen Smith was named CEO of Redbox, while James Gaherity and David Maquera will run the Coinstar and ecoATM businesses, respectively. Current Outerwall CEO Erik Prusch will step away.

Apollo paid $52/share (total enterprise value of $1.6B, including debt). On Sept. 23, about 69.3% of the outstanding shares of Outerwall were tendered and accepted.

The firm said Outerwall's segments will be operated as three distinct businesses: Galen Smith will run Redbox as its CEO, James Gaherity will serve as CEO of Coinstar, and David Maquera will act as CEO of ecoATM.

"For any professional investor, this is the most difficult period we’ve ever experienced,” says Joe Baratta, Blackstone's (NYSE:BX) global head of private equity. “You have historically high multiples of cash flows, low yields. I’ve never seen it in my career. It’s the most treacherous moment.”

For private-equity players, lofty valuations make it a great time to cash in on investments, but a not-so-great time to redeploy capital into new deals. Not finding a lot of value in large LBOs, Baratta says Blackstone is targeting smaller companies with lower leverage.